The altcoin market is showing early signs of strength, with Chainlink and Cardano emerging as key projects to watch. While not final bull market targets, both assets are flashing bullish signals as market conditions improve.
The altcoin market is showing early signs of strength, with Chainlink and Cardano emerging as key projects to watch. While not final bull market targets, both assets are flashing bullish signals as market conditions improve.
this is the ideal time for investors to prepare, with technical charts, risk models, and market sentiment beginning to align in favor of a breakout for these two altcoins.
In one of the latest developments, Chainlink’s new deal with Mastercard will allow over 3 billion Mastercard users to buy cryptocurrencies directly on-chain. This is a huge step toward mainstream adoption and could boost Chainlink’s long-term value.
Despite this big news, Chainlink’s price remains under $20, far below its all-time high of $55 reached in 2021. The analyst said that this makes LINK one of the most undervalued cryptocurrencies in the market today.
Chainlink is currently in a “pre-bull market” stage and the price is forming a technical pattern around the $13 mark, similar to its big breakout in the last bull run.
The risk model gives LINK a score of 33, which is considered low and bullish. According to the analyst, Chainlink could aim for price targets $50 in the next bull run.
Historically, Cardano has shown a pattern of dropping below key Fibonacci retracement levels during market corrections, often falling 20% to 30% below expected support zones before stabilizing. This consistency in past cycles shows that while Cardano is currently holding within a positive technical range.
Right now, those averages are tightening, hinting at a possible bottoming phase around the lower $0.50 range. If support holds and market conditions remain favorable, the next upside target sits around $2, a level backed by historical price action and Fibonacci technicals.
Given improving crypto market conditions, easing monetary policies, and positive regulatory moves, ADA could surge quickly towards that target.
